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Miners Rest

POSTAL CODE: VIC, 3352
HOUSE
MINERS REST ranks 726th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 2.15% for the past year is lower than average compared to its 35.16% growth within a five-year period.

Also in MINERS REST, the median home price is sitting at $595,000, and the average rent at $475, this suggests property owners could potentially earn a 4.15% increase in gross rental yield.

Property investors have seen a 2.59% gain in MINERS REST based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.12% growth over a ten-year period. It ranks 2597th on our list of suburbs that property investors should look into.

Surburb overview

Miners Rest is a residential suburb on the northern fringe of Ballarat in central Victoria, located within the City of Ballarat local government area.

The suburb sits approximately 8 kilometres north of Ballarat’s central business district and about 115 kilometres north-west of Melbourne by road.

It is positioned near the Western Freeway, providing direct road access to Ballarat and Melbourne.

At the 2021 Census, Miners Rest recorded a population of around 3,500 residents, reflecting steady growth associated with Ballarat’s expansion.

The demographic profile includes a high proportion of families with children, as well as established households and commuters working in Ballarat or travelling towards Melbourne.

Housing predominantly comprises detached dwellings, with a mix of established homes and more recent estate-style developments on larger suburban allotments.

Historically, the area developed during the 19th-century gold rush, and agriculture later became a key land use.

Today, Miners Rest functions primarily as a residential suburb, with surrounding land including open paddocks and semi-rural properties.

Local amenities include a primary school, sporting facilities and neighbourhood parks, while supermarkets, secondary schools and major healthcare services are accessed in Ballarat.

Ballarat Base Hospital and the city’s retail precincts are within a short drive.

Public transport options include local bus services connecting Miners Rest to Ballarat’s central business district and railway station.

Ballarat station provides regular V/Line train services to Melbourne’s Southern Cross Station, supporting regional commuting.

Recreational opportunities include access to nearby walking tracks, sporting clubs and community events across the wider Ballarat region.

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